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Businesses For Sale > Business For Sale in Essex County, New Jersey (NJ)

Well kept Commercial Building with Car Wash for sale in Essex County, NJ

Essex County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 1,200,000 $ 66,000 $ 62,200

Furniture and Fixtures Value:
(included in the asking price)

Real Estate:
$ 1,200,000 (included in the asking price)

Business Summary:
14,000 sq ft building on ground floor, 2nd floor 1,200 sq ft apartment/office; As of now only tenant is a track car wash who pays 66,000 rent annul rent plus taxes of 9600 annual, Other potential income rentals are from 2nd floor office/apartment 14,400 annual plus tint shop ground floor next to car wash 16,800 yearly rent. Total rental could be 97,000 triple net. Owner/landlord is working to regain control of car wash, which is semi absent and mismanage. This would be available to purchaser of a modern appearing building; Kept in excellent condition. Car wash lube/ repair building 4,000 sq ft adjacent to car wash also available (Listing #5237. ) Combining both building will enhance the area of need of central facility.

 

   
Year Business was Established: 1960
   
Potential Growth/Expansion: Buying car wash building and combining with lube / repair adjacent building creating a major care destination place that this area really needs.  
   
Competition: This specific spot is on the block is the only well kept building within this area, that is now turning upward.  
   
Owner willing to finance: Buyer would have to obtain mortgage  
   
Reason for selling: Owner divesting all his holdings retirement  
   
Seller Reference Number: 5236VM
BusinessMart.com Listing Number: 149445
 

 

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For more info contact:

Larry Bodner

Executive Business Brokers
908-851-9040

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